Tuesday, 7 January 2014

Final brick in the wall shows Leeds is on the move with first new office build in five years

The first new build premium office development in Leeds city centre for more than five years took another step closer to completion as the final brick has been laid today.

A ‘topping out’ ceremony marked the occasion at Number 10 Wellington Place, a flagship 35,000 sq. ft. development in Leeds’ West End. The final brick to be laid at 10 Wellington Place has been taken from the original Central Railway Station, which was situated at the site for 120 years up until 1967.

Work began on the site back in April 2013 and is due for completion in February 2014. It will benefit from key social amenities including ground floor premium retail space and a bustling new public square.

The BREEAM Excellent-rated building, which has been delivered by Shepherd Construction, has already generated lots of interest. Award-winning commercial law firm, Shulmans, is confirmed as the first occupier to make it its home.

Shulmans will be moving into 15,000 sq ft across two floors of the development, relocating from its current base at 120 Wellington Street. The Shulmans team will be neighbours with existing companies already located at Wellington Place, including BSkyB, Allianz, Towers Watson and PwC.

Detailed planning consent has also been granted for Number 5 and 6 Wellington Place. It is anticipated that construction of these will commence during 2014-2015. Both will be impressive five storey buildings, with 65,000 sq. ft. and 100,000 sq. ft. respectively of grade A office and retail space. 

MEPC Chief Executive, Rick de Blaby, said: “Laying the final brick is an important milestone in any building’s history. We are looking forward to the next stage of fitting Number 10 Wellington Place out with top of the range amenities.

“This building is just the first step in our plans to create a five star destination in the heart of the city centre and contribute to the excitement and buzz around Leeds at the moment. We are looking forward to transforming the rest of Wellington Place and bringing even more premium companies like Shulmans to the area by offering exemplary new workplaces."

Tim Halstead, Managing Partner of Shulmans, said: “We are very much looking forward to moving into Number 10 Wellington Place, which will undoubtedly prove to be a landmark development in the city.  We are exactly where we want to be in our specific and ambitious five-year business growth plan, and our move to 10 Wellington Place represents a significant milestone in that programme."

Outline planning permission was granted for the building in September 2010 as part of a major mixed use development on the largest site under single ownership in Leeds. That permission includes a further 1.3 million sq ft of office, residential and retail space.

The agent that acted on behalf of MEPC in this transaction was Jeff Pearey at Jones Lang LaSalle. DTZ is also a joint letting agent.